Working Groups

This section contains information for each of the active FIX Working Groups; select a working group for more information. Please click here to view the FPL Membership Working Group Policy.

If Members participate in a FPL Committee or Working Group, any IP created or generated through such participation is created for the benefit of the Committee or Working Group, is created outside the general course of employment, and will vest in the Trust. Members will execute all documents and do all such acts as may be reasonably necessary to give effect to the terms of this clause, including after cessation of membership for any reason.

Asia Pacific Buy-side Working Group

Algorithmic Trading Working Group

Developers and maintainers of the FIX algorithmic trading definition language (FIXatdl)

EMEA Investment Management Working Group

This working group has been developed to provide a platform for buy-side representatives to discuss how their needs can be efficiently met by the automated trading community.

EMEA Post Trade Working Group

The EMEA Post-Trade Working Group will explore how to effectively address the many challenges impacting post-trade processing in the EMEA region to encourage the development of increased transparency, reduced costs and greater efficiencies in this space.

FIX-FpML Collaboration Working Group

The objective of this group is focusing on technical interoperability of FpML within the FIX messages for the trading of OTC Derivatives with an initial focus on standardized Interest Rate Swaps (IRS) and standardized Credit Default Swaps (CDS), as documented in the best practices documentation published by FPL's Global Fixed Income Committee (GFIC).

FIX Inter-Party Latency Working Group

The FIX Inter-Party Latency (FIX IPL) Working Group has been established to develop a standard that will allow the easy assembly of information on a consistent basis across multiple organizations.

FIX Specification Working Group

This group will be tasked with determining how best to manage and structure all of the FIX documentation for the great benefit of the community.

FPL Americas Buy-Side Working Group

This working group has been developed to provide a platform for buy-side representatives to discuss how their needs can be efficiently met by the automated trading community.

FPL/FIF Regulatory Reporting Working Group

In a collaborative effort the FIF (Financial Information Forum) and FPL have joined forces to address the recent transparency initiatives proposed by the SEC.

FPL Risk Management Working Group

The main purpose of the FPL Risk Management Committee is to raise awareness regarding the implications of electronic trading on risk management and to develop standardized best practices such as this document for industry consideration.

FPL Trade Data Standardisation Group

This group has been established to help define standards for post-trade transparency.

High Performance Working Group

This working group will follow on the previous work of the High Performance Interface Working Group whose work concluded with the creation of a requirements document. The working group will be organized into subgroups, which will focus on specific aspects where fit-for-purposefulness of FIX for high performance financial transactions can be improved.

Market Data Optimization Working Group

This working group is to develop recommended enhancements to FIX Protocol to support high frequency market data applications.

Pre-Trade Working Group

This working group has been established to address topics within the pretrade space, specifically IOIs.

Repository Working Group

The Repository Working Group (RepWG) is to develop the FIX Repository to support a number of requirements for the continued developments of the protocol.

Risk Mitigation Symbology Subgroup

The purpose of this working group is to increase the availability of ‘listed’ test / spurious financial instruments in the industry.

TCA - General/High Level Subgroup

This subgroup will work to develop formal definitions for terms listed under the general/high level categories on the categorized TCA glossary.

TCA- Price/Time/Cost Subgroup

This subgroup will work to develop formal definitions for terms listed under the price/time/cost categories on the categorized TCA glossary.

TCA Working Group

The purpose of this working group is to create a standardized set of guidelines for understanding the true cost of transactions among brokers and liquidity destinations.